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Friday, August 14, 2009

Market and Bank Watch

by Calculated Risk on 8/14/2009 03:58:00 PM

There are reports that Colonial will be seized today.

Still waiting on Guaranty (Texas), Corus, and many others: see August 14 Problem Bank List (unofficial) below.

S&P 500 Click on graph for larger image in new window.

The first graph shows the S&P 500 since 1990.

The dashed line is the closing price today.

The S&P 500 is up 48.4% from the bottom (328 points), and still off 35.8% from the peak (561 points below the max).

The S&P 500 first hit this level in Feb 1998; over 11 years ago.

Stock Market CrashesNote: Doug may be a little slow updating today.

Instead of comparing the markets from the peak (See: the Four Bad Bears), Doug Short matched up the market bottoms for four crashes (with an interim bottom for the Great Depression).

Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.